Page 793 - Economy & Policy News

Delhi govt's GST collection increases 22% to Rs 41,351 cr in Apr-Dec

The Delhi government's goods and services tax (GST) collection increased 22 per cent to Rs 41,351 crore for the first three quarters (April-December) this fiscal, officials said on Tuesday

India govt, ADB sign $1.2 bn loan agreements for infrastructure projects

The Indian government and ADB on Tuesday signed loan agreements totalling $1.22 billion for developing infrastructure in various Indian states, a statement from the finance ministry said

NTPC starts India's first green hydrogen blending operation in PNG network

State-owned power giant NTPC on Tuesday said it has started India's first green hydrogen blending operation in the PNG (piped natural gas) network of its township in Kawas, Surat

India aims for $17 bn cut in food, fertiliser subsidies in 2023-24: Report

The government expects to budget around Rs 2.3 trillion for food subsidies in the coming fiscal year, compared with Rs 2.7 trillion for the current year to March 31

Sugar firms may seek govt nod to retail green fuel from their own premises

The plan is to convert sugar factories into full-scale 'green energy hubs'

Domestic air passenger traffic to cross pre-Covid level in Dec 2022

The monthly domestic air passenger traffic touched 1.29 cr to cross the pre-Covid level in Dec 2022, with Civil Aviation Minister Jyotiraditya Scindia terming it as a healthy trend and a good sign

Revisit order barring 5G towers on 3.5 GHz near airports, says COAI

The recent order, which came into effect November-end, makes 5G services in the 3,300-3,670 Mhz band unavailable not only in airports but also nearby business and commercial areas

Battery-swapping design norms to be voluntary, policy to be out this month

According to industry representatives present at the meeting, Goyal agreed to make the standardisation norms optional for battery manufacturers after receiving a request from stakeholders

MP govt to provide plots of land free to poor families: CM Shivraj

MP govt said that it will provide plots of land free of cost to families which do not own a house

Icra revises upwards road logistics sector growth forecast to 11-13%

Rating agency Icra on Tuesday revised its growth estimates for the Indian road logistics sector to 11-13 per cent for the current fiscal against the previous estimate of 7-9 per cent

PSU companies expemted from minimum public float rules, says govt

The government has exempted public sector entities from the Minimum Public Shareholding (MPS) norm which mandates at least 25 per cent public float for all listed companies

Can free PDS boost tepid pick of inter-state ONORC? Experts don't think so

One Nation One Ration Card ensures that National Food Security Act beneficiaries can lift their entitled foodgrain from any Fair Price Shop, anywhere in India using existing ration card

India's Oct-Dec sugar output up 3.69% at 12.07 million tonnes: ISMA

Sugar production in Uttar Pradesh reached the year-ago level of 3.09 mn tons, while in Maharashtra it rose marginally to 4.68 mn tons during October-December of the 2022-23 marketing year

Coal production rises 16% at 608 mn tonnes during Apr-Dec period of FY23

Coal Ministry sources said that production has increased due to greater usage of mining capacities of captive coal blocks

Indian exports will be impacted by weak global demand in 2023: GTRI

The Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies and to improve its current account, economic think tank GTRI said

FinMin may shift tax liability on share buyback to shareholders in Budget

The shift will bring the taxation of share buybacks on the same page as the dividend income

UP govt signs MoUs worth Rs 18,590 crore with UAE based companies

UP government signed a MoUs with six UAE-based companies worth Rs 18,590 crore with six companies of the UAEs ahead of the Global Investors Summit to be held in Lucknow in February

Top Headlines: India ups windfall tax on crude, 6.5% growth likely in FY24

Business Standard brings you the top headlines at this hour

India raises windfall tax on crude oil, diesel and aviation turbine fuel

It raised windfall tax on crude oil to Rs 2,100 ($25.38) per tonne from Rs 1,700 ($20.55), effective Tuesday, the order said

What does the SC's demonetisation verdict mean

Six years after the govt demonetised 86% of cash in circulation, the Supreme Court on Monday nixed petitions challenging the move and upheld its legality. So what did the court say in its verdict?